Full Issue:

The financial “reform bill” just passed by the U.S. Senate, with its milewide loopholes
for speculators, along with the lack of any effective action by the G20 or the German
parliament, could lead, any day now, to a complete disintegration of the world economy.
But, if Lyndon LaRouche’s proposal for a Global Glass- Steagall were enacted now,
it would still be possible to step back from the abyss.

The LaRouche Political Action Committee reissued its call for the impeachment of President
Barack Obama on May 22, in the form of a video outlining the bill of indictment. The
transcript is presented here.

Feature

Although a relatively few U.S. economists have understood certain essentials of “the
how and why” of LaRouche’s uniquely successful record in economic forecasting, most
others have not. The root of their failure, is that they worship the “magic of the
marketplace,” and money as such. Therefore, the relevant question is: What is the
secret?

World News

The death of the Glass-Steagall regulatory safeguard in 1999 was a disaster for the
the world. Freed from the prohibition against mixing commercial banking and investment
banking, the largest U.S. banks became the personification of greed; and that greed,
unchecked by regulatory safeguards, destroyed our economy.

National

The mass strike upsurge that began last August reached a crescendo in the May 18 primary
elections, as incumbents went down in state after state. This was not, as the purveyors
of punditry would have us believe, a blind rage against “Washington,” but, a deep
sense of outrage and betrayal at what the Obama Administration and its Congressional
allies have done to destroy this country.